DREADNOUGHT RESOURCES LTD — Interim / Quarterly Report 2019

Oct 30, 2019

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

+Rule 5.5

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/13, 01/09/16

Name of entity

Dreadnought Resources Limited

ABN

40 119 031 864

Quarter ended (“current quarter”)

30 September 2019

Consolidated statement of cash flows	Current quarter$A’000	Year to date (3months)$A’000
1.Cash flows from operating activities1.1Receipts from customers1.2Payments for(a) exploration & evaluation(b) development(c) production(d) staff costs(e) administration and corporate costs1.3Dividends received (see note 3)1.4Interest received1.5Interest and other costs of finance paid1.6Income taxes paid1.7Research and development refunds1.8Other (provide details if material)1.9Net cash from / (used in) operatingactivities	(334)(29)(106)2(15)	(334)(29)(106)2(15)
	(482)	(482)
2.Cash flows from investing activities2.1Payments to acquire:(a) property, plant and equipment(b) tenements (see item 10)(c) investments(d) other non-current assets	(3)(200)	(3)(200)

• See chapter 19 for defined terms

1 September 2016

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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Consolidated statement of cash flows	Current quarter$A’000	Year to date (3months)$A’000
2.2Proceeds from the disposal of:(a) property, plant and equipment(b) tenements (see item 10)(c) investments(d) other non-current assets2.3Cash flows from loans to other entities2.4Dividends received (see note 3)2.5Other (provide details if material) Cashacquired from IronRinger acquisition2.6Net cash from / (used in) investingactivities
	(203)	(203)
3.Cash flows from financing activities3.1Proceeds from issues of shares3.2Proceeds from issue of convertible notes3.3Proceeds from exercise of share options3.4Transaction costs related to issues ofshares, convertible notes or options3.5Proceeds from borrowings3.6Repayment of borrowings3.7Transaction costs related to loans andborrowings3.8Dividends paid3.9Other - Cash acquired from IronRingeracquisition3.10Net cash from / (used in) financingactivities	916(89)	916(89)
	827	827
4.Net increase / (decrease) in cash andcash equivalents for the period4.1Cash and cash equivalents at beginning ofperiod4.2Net cash from / (used in) operatingactivities (item 1.9 above)4.3Net cash from / (used in) investing activities(item 2.6 above)4.4Net cash from / (used in) financing activities(item 3.10 above)	648(482)(203)827	648(482)(203)827

• See chapter 19 for defined terms 1 September 2016

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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Consolidated statement of cash flows	Current quarter$A’000	Year to date (3months)$A’000
4.5Effect of movement in exchange rates oncash held4.6Cash and cash equivalents at end ofperiod
	790	790
5.Reconciliation of cash and cashequivalentsat the end of the quarter (as shown in theconsolidated statement of cash flows) to therelated items in the accounts	Current quarter$A’000	Previous quarter$A’000
5.1Bank balances5.2Call deposits5.3Bank overdrafts5.4Other (provide details)5.5Cash and cash equivalents at end ofquarter (should equal item 4.6 above)	790	648
	790	648
6.Payments to directors of the entity and their associatesCurrent quarter$A'0006.1Aggregate amount of payments to these parties included in item 1.2656.2Aggregate amount of cash flow from loans to these parties includedin item 2.3-6.3Include below any explanation necessary to understand the transactions included initems 6.1 and 6.2
		Current quarter$A'000
		65
		-
Managing Director Salary and superannuationNon-executive Directors fees accrued from the prior financial year

7.	Payments to related entities of the entity and their	Current quarter
	associates	$A'000
7.1	Aggregate amount of payments to these parties included in item 1.2		-
7.2	Aggregate amount of cash flow from loans to these parties included		-
	in item 2.3
7.3	Include below any explanation necessary to understand the transactions included in
	items 7.1 and 7.2

• See chapter 19 for defined terms 1 September 2016

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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

8.8.18.28.38.4	Financing Add notes a	facilities availablenecessar for an		Total facility amounat quarter end	t	Amount drawn atquarter end
	understandi	yng of the position		$A’000		$A’000
							-
	Loan facilitie Cdit td	st			-
							-
	re san Other (pleas	y arrangemense specify)			-
					-		-
	Include belowhether it isproposed to	w a description of each facility asecured or unsecured. If any adbe entered into after quarter en	bove, including the lendditional facilities have bd, include details of tho		er, interest rate andeen entered into or arese facilities as well.

9.Estimated cash outflows for next quarter	9.Estimated cash outflows for next quarter	9.Estimated cash outflows for next quarter	$A’000	$A’000
9.1Exploration and evaluation9.2Development9.3Production9.4Staff costs9.5Administration and corporate costs9.6Other (provide details if material)9.7Total estimated cash outflows			610--945
	Development Production
	Staff costs Administration and corporate costs Other (provide details if material) Total estimated cash outflows
			6	64

10.	Changes in	Tenement reference and	Nature of	Interest at	Interest
	tenements	location	interest	beginning	at end of
	(items 2.1(b) and			of quarter	quarter
	2.2(b) above)
10.1	Interests in mining	EL 27995 Tanami	15%	15%	Nil
	tenements and		Registered
	petroleum		and
	tenements lapsed,		beneficially
	relinquished or		owned
	reduced

• See chapter 19 for defined terms 1 September 2016

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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

10.2Interests in miningtenements andpetroleumtenementsacquired orincreased	E29/957 IllaaraE29/959 IllaaraE30/471 IllaaraE30/476 IllaaraE80/5363Horseshoe RangeE80/5364Sparke RangeE80/5365Lindner HillE80/5366Mt AmhurstE04/2560Wombarella	Newmont GoldcorpExploration Pty Ltd(pending transfer toIronRinger(Industrial Minerals)Pty Ltd)Owned throughIronRinger(Tarraji) Pty Ltd	NilNilNilNilNilNilNilNilNil	100%100%100%100%100%100%100%100%100%

Compliance statement

• 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.

• 2 This statement gives a true and fair view of the matters disclosed.

Sign here: ......................................... Date: ......31/10/2019...........

(Company secretary)

Print name:......... Nick Day...............................

Notes

1. The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.

2. If this quarterly report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.

3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.

• See chapter 19 for defined terms 1 September 2016

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